Fabless semiconductor company Newport Media, which specializes in silicon for mobile TV receivers, has closed another big round: $30 million, in third round funding that brings the total investment in the company to $66 million since its foundation in 2005. The round was led by new investor DAG Ventures. Previous investors Benchmark Capital, Global Catalyst Partners, Oak Investment Partners, Pinnacle Ventures, and Venrock Associates also participated in the round.
Newport Media, based in Lake Forest, CA says the extra money would be used to ramp volume production of its devices and the expand the range of handle different standards. It joins a growing list of chip companies in the mobile TV market, which includes start-ups such as DiBcom, Siano Mobile and Frontier Silicon as well as established players such as Philips Semiconductors, Texas Instruments, Freescale Semiconductors and Microtune.
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